My First Property (House Hacking) NEED ADVICE

[Jared Garay]

Hello, I am new to bigger pockets and new to real estate investing. My plan is to buy and hold single/multi family properties and I am open to all strategies. I am looking to acquire my first property using the house hacking method. 

I live in the Dallas area and the market is crazy. The issue I am experiencing is none of the properties on the market cash flow the first several years. Is is a good idea to buy a property if you have around $100-300 of negative cash flow? I have talked to a several investors and they say that cash flow goes up over time. I can handle paying that extra bit of negative cash flow per month but is it worth it? I have made around 10 offers, all unsuccessful, because there are so many people paying cash. I am now leaning towards a new build in hopes of securing a deal. 

Again, my biggest concern is nothing cash flows... 

IMO Pros:

Owning a property and start building equity

Over time the cash flow should eventually go positive

IMO Cons:

Paying the negative cash flow per month

[Harrison Sharp]

@Jared Garay curious as to what areas you’re looking in as well. My niche is helping house hackers find cash flowing deals in DFW and they’re out there. The colony, Garland, east Richardson, east Plano, Irving. Closed 8 or so deals this year already with individuals who are making money house hacking.